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Mar 5, 2012
03/12
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when ever you have china, worries about china, all the material energy names are weak. pull putt up the coal stocks see here, 5, 6% declines, the standard big name, same thing with the materials stocks. very knee jerk reaction, people arguing the chinese are saying they will going to stimulate the internal economy, not necessarily bad for the material names in the long term. no decline in the dow, still moving up. >> got to call that a victory, bob, given the fact we are still holding on to many of the moves made in the last few months. get your take on the stocks today. very substantial growth out of china. that is the point and a very good point. the chinese government is going to stan talking about restricting the economy, going to stan talking about bursting the real estate bubble, they will be talking about expanding the money supply, all this are things necessary for china's long-term growth, stimulate its own internal demand, not just good for china, going to be good for global growth as well. >> we continue to hear a place to hide as the dividend player, the end
when ever you have china, worries about china, all the material energy names are weak. pull putt up the coal stocks see here, 5, 6% declines, the standard big name, same thing with the materials stocks. very knee jerk reaction, people arguing the chinese are saying they will going to stimulate the internal economy, not necessarily bad for the material names in the long term. no decline in the dow, still moving up. >> got to call that a victory, bob, given the fact we are still holding on...
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Mar 29, 2012
03/12
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the china economy slowing down? doesn't that have an implication for the whole world given the fact that that's been a factor of economic be growth? >> there is no doubt, it's slowing down in india, still a lot of concerns about europe. there's plenty of things to worry about. so i think there is still a lot of things that can go wrong. ecb action helped to kick the can down the road last year but i think at the end of the day we've made progress of the financial crisis. >> so you would put new capital to work here at these levels? >> yes. we've been slight net sellers over the past week or so because we've been overweight stocks and with the market action we've gotten higher. >> even though we're talking about the best quarter since 1998, you know, this week was iffy. we saw some decliners. what did you say to me about the commercial break? the fact that we didn't roll over was not a positive. >> what you're seeing is every day it starts down. the last hour there is buying and in the bear market you see the exact o
the china economy slowing down? doesn't that have an implication for the whole world given the fact that that's been a factor of economic be growth? >> there is no doubt, it's slowing down in india, still a lot of concerns about europe. there's plenty of things to worry about. so i think there is still a lot of things that can go wrong. ecb action helped to kick the can down the road last year but i think at the end of the day we've made progress of the financial crisis. >> so you...
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Sep 20, 2012
09/12
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accounting in china. it is that bad. >> should investors be running for the exit when it comes to china? >>> oil prices drop, but gas prices continue to climb at an alarming rate. why is this happening? we drill for answers ahead on the closing bell. [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> the federal reserve's latest round of stimulus. my next guest says the markets are distorted. slamming the fed for its low interest rate policy, and what he calls nonstop chronic interceptions. he's founder and editor of grant interest rate observer. >> you've talked a lot about the inuntended consequences of all of this stimulus. now we're qe forever. give us those unintended consequences? >> there are always consequences for interventions. those consequences are not always the ones they intend. in the case at hand. chairman bernanke a few weeks ago, enumerated for only four pitfalls of what they're up to. ther
accounting in china. it is that bad. >> should investors be running for the exit when it comes to china? >>> oil prices drop, but gas prices continue to climb at an alarming rate. why is this happening? we drill for answers ahead on the closing bell. [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> the federal reserve's latest round of stimulus. my next guest says the...
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Jul 23, 2012
07/12
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china takeover? what is their next potential target? lots of questions on this front. let's get answers. erin from the u.s. china business council. daniel rosen. erin, we talk about a china takeover. i would imagine we are a long way from having all the fears about china taking over the globe. really? >> yes. i think that probably is accurate. the u.s. is the largest economy in the world. china is coming up fast. you about which would be realistic. china really -- their companies have been going out and investing in the past five to six years. we are just seeing the first part of that. based on some data we received from the china council and promotion of international trade really only 10% of chinese companies that are investing overseas are trying to use mergers and acquisitions to do that. most are doing it through greenfield investment. >> dan, we are to assume this is going to continue and outbound investment jumps 48% in the first half of the year in china. >> absolutely. china's starting point
china takeover? what is their next potential target? lots of questions on this front. let's get answers. erin from the u.s. china business council. daniel rosen. erin, we talk about a china takeover. i would imagine we are a long way from having all the fears about china taking over the globe. really? >> yes. i think that probably is accurate. the u.s. is the largest economy in the world. china is coming up fast. you about which would be realistic. china really -- their companies have...
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Apr 13, 2012
04/12
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. 8.1% growth in china. expectation called for 8 1/2%. still slower than some expected. financial and energy clocking the steepest decline ners. each sectors raising more than 2% of their value this week alone. we have a whole host of earnings coming out. citigroup, goldman sachs, bank of america, morgan stanley, and general electric among the companies to report their first quarter next week. let's talk about the late-day swoon. bob pisani is on the floor of the nyse. we started to see an acceleration on the downside. >> yes, there was a real preponderance of sell orders where they indicate what there is to buy and sell. we have problems for all throughout the day in two groups, in financials, which we can go into the close and material stocks on concerns about slowdown in china, 8.1% gdp that you mentioned in china. material stocks weak during the day. stocks like wells fargo going into the close, and then stocks like steel stocks, like freeport mcmoran. >> so the economically sensitive stocks taking a hit
. 8.1% growth in china. expectation called for 8 1/2%. still slower than some expected. financial and energy clocking the steepest decline ners. each sectors raising more than 2% of their value this week alone. we have a whole host of earnings coming out. citigroup, goldman sachs, bank of america, morgan stanley, and general electric among the companies to report their first quarter next week. let's talk about the late-day swoon. bob pisani is on the floor of the nyse. we started to see an...
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Apr 18, 2012
04/12
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the most important thing right now is what china is saying to its own people and what china is saying to us as potential investors all around the world is that the system has been working and the system is at work. what i mean by that, the system has been delivering the economic benefits to the people and it needs to do that. that's what politics is all about in china. and also the system is at work. they removed somebody from the system that they felt was going to jeopardize that. >> because he was not as into all of the new modernizations that they want to take? he reads this as though he was backward looking. >> well, in effect he was not a team player. he was in the top 25 in his position. he was vying for the top 9. he was vying for the top 9. that's serious business. certainly he had his supporters and detractors as well. one of the most disturbing awful periods, millions of people are dead. everybody in a leadership position somehow or another, they directly or their family was affected by the culture revolution. china, politics, it's all about delivering the goods now. if you
the most important thing right now is what china is saying to its own people and what china is saying to us as potential investors all around the world is that the system has been working and the system is at work. what i mean by that, the system has been delivering the economic benefits to the people and it needs to do that. that's what politics is all about in china. and also the system is at work. they removed somebody from the system that they felt was going to jeopardize that. >>...
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Mar 8, 2012
03/12
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it's day-to-day in china. the country reports inflation, industrial output, fixed asset investments and retail sales numbers for february, will we see signs of an economic slowdown. we'll break those numbers down and find out. >>> releasing a january figure. analysts still expecting a positive trade balance. >>> india's largest commodity exchange will make history with its debut on the commodity exchange expansion plans when we speak to the ceo on capital connection later today. >>> tune in to cnbc world to catch all the action overseas, at cnbc asia headquarters. at cnbc asia headquarters. "going global" with your money. , >>> welcome back. m&a and the big easy. the world's biggest deal makers gathering for tulane's conference at the roosevelt hotel. we run from the conference. andrew, what's the highlight so far? >> maria, the big question is when will deal volumes return. m&a activity considered a great barometer of confidence is off about 25% so far. about $100 billion worth of deals. that may sound like a
it's day-to-day in china. the country reports inflation, industrial output, fixed asset investments and retail sales numbers for february, will we see signs of an economic slowdown. we'll break those numbers down and find out. >>> releasing a january figure. analysts still expecting a positive trade balance. >>> india's largest commodity exchange will make history with its debut on the commodity exchange expansion plans when we speak to the ceo on capital connection later...
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Oct 9, 2012
10/12
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the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit profit growth with the china system sales increasing 22%. same store sales increasing 6%. now this is a slowdown from last quarter when same store sales in china grew 10%. however, the company saying margin performance in china improved dramatically, and they're increasing the number of new stores they said they'd be opening in china from 700 to now 750. the u.s., 6% same store sales. maria, back to you. >> all right, jane. thank you so much. we'll keep watching that stock, which is of course moving higher. joining me now to help break down the numbers and take a closer look is bill barker. bill, good to see you. your reaction to the latest earnings report. >> thanks for having me, maria. sounds like another good report for yum. not terribly surprising. this is a company that has a lot of choices all over the world about how to allocate its capital. it's put a lot of investment into china but not just there, into india and rus
the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit profit growth with the china system sales increasing 22%. same store sales increasing 6%. now this is a slowdown from last quarter when same store sales in china grew 10%. however, the company saying margin performance in china improved dramatically, and they're increasing the number of new stores they said they'd be opening in china from...
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Apr 25, 2012
04/12
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china and brazil. tell me what is going on in those markets. >> we saw a slowdown in china and brazil which actually started last year. we all knew china a year ago and i think we talked about this at that time with you, was too hot. it was boiling, the market was growing, our industry was growing, deep double digits, everything was headed for an implosion. china recognized that. they were successful with doing that. they've since done too twoo stimulations to get the market going again and refloat the economy. we see more of that coming. kind of the same thing in brazil. brazil is further along and we'll see a better improvement in the second half of 2012. when you look at the whole quarter and the year, we were more offset in recovery in the u.s. and some other areas and we had a hold on our 70 billion for the year and raise the profit. pretty good results, i think. >> surely we've seen a slowdown in real estate and construction. we are seeing a bit of a -- and i recognize that this is relative becau
china and brazil. tell me what is going on in those markets. >> we saw a slowdown in china and brazil which actually started last year. we all knew china a year ago and i think we talked about this at that time with you, was too hot. it was boiling, the market was growing, our industry was growing, deep double digits, everything was headed for an implosion. china recognized that. they were successful with doing that. they've since done too twoo stimulations to get the market going again...
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Jun 7, 2012
06/12
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he was talking about opportunities in china. today he said he has slowed down considerably, that he is not putting too much money to work right here because he wants to see how things play out because he keeps running into this invisible hand. he said that the residential market is weak. he said that the office market, you know, just about six months ago, the office market was very strong. we spoke to a number of real estate developers who said that it's so strong that prices are actually getting away from them, and here we have today sam zell saying that the office market is in fact very, very steady and slow and has not seen a significant move. of course, europe is an issue, but we didn't hear a lot about europe today. we were really looking at the u.s. in the corners of this recovery that seem to have stalled based on what we're seeing obscenityments, based on what we're seeing in employment and even, of course, based in what we're seeing in the markets and the risk adversity that we're seeing. we got those jobs numbers on fr
he was talking about opportunities in china. today he said he has slowed down considerably, that he is not putting too much money to work right here because he wants to see how things play out because he keeps running into this invisible hand. he said that the residential market is weak. he said that the office market, you know, just about six months ago, the office market was very strong. we spoke to a number of real estate developers who said that it's so strong that prices are actually...
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Feb 6, 2012
02/12
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are you seeing a slow down from china? what kind of an impact are you expecting on the global economy? what are you seeing in terms of the global economy? >> china is a very unique situation because everything is very much controlled by the government and centralized. so i think they are happy with the 6, 7, 8% growth r i think the growth in china is still there 6, 7% is the world, but china, need to grow 6, 7%. keep the momentum going, the capital in china is very low. although the gdp of china will overtake the united states maybe sooner -- sooner than later but the gdp capital, the quantitative part of the gdp take a long time for them to reach the united states so they have to be very careful about that so they don't have such arrest also. >> don't tell me where yet, but have you been increasing your money invested in the united states? >> most are announced, but always looking for opportunities in the united states. the united states down but not out. still have trust in the united states, but having said that the uni
are you seeing a slow down from china? what kind of an impact are you expecting on the global economy? what are you seeing in terms of the global economy? >> china is a very unique situation because everything is very much controlled by the government and centralized. so i think they are happy with the 6, 7, 8% growth r i think the growth in china is still there 6, 7% is the world, but china, need to grow 6, 7%. keep the momentum going, the capital in china is very low. although the gdp...
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Apr 24, 2012
04/12
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china in particular. tim took said they are looking to expand and they have a strategy that they will roll out. it will be interesting to see how much came from the launch that happened there early in january. we didn't get that in the last quarter like the u.s. a lot of places in europe. we got that in this quarter and it's big. >> it's interesting. we are seeing this stock rally beyond belief over the last couple of years, the ratio is not outsized. >> that's what i was trying to say. before the stock closed, it was trading at a discount versus microsoft and ibm. the dividend yield is above ibm's interestingly enough. investors are reluctant to believe this story. you have to wonder if it's because of the large numbers and the fact that it's the largest in the world. >> great stuff. the latest there and the daya wall street was mixed. the nasdaq was under pressure. that was ahead given the fact that the company had a blowout and the stoctr
china in particular. tim took said they are looking to expand and they have a strategy that they will roll out. it will be interesting to see how much came from the launch that happened there early in january. we didn't get that in the last quarter like the u.s. a lot of places in europe. we got that in this quarter and it's big. >> it's interesting. we are seeing this stock rally beyond belief over the last couple of years, the ratio is not outsized. >> that's what i was trying to...
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Jun 15, 2012
06/12
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china. thanks for being on the program. your company handles enterprise solutions for firms that deal with china, what do you suggestion about the health of china's economy. >> our domestic business is starting to grow, but most of our business is export out of china and that has been growing. a lot of clients are coming to china looking for product. having the product manufactured, and we manufacture, package, and ship district to consumers homes all over the world. we now see the chinese market growing at a fast pace as well. >> so you have known seen a slow down? >> no, i mean, our business, because we're dealing with finished product and smiping around the world, the chinese market is growing and we see chinese brands emerging and a big demand for the foreign brands. europe and u.s. brands very popular still. >> what about the tech sector? what does your supply chain tell you about demand in that business? >> we're seeing a much shorter product development time. so bringing product to market faster. this is what we just
china. thanks for being on the program. your company handles enterprise solutions for firms that deal with china, what do you suggestion about the health of china's economy. >> our domestic business is starting to grow, but most of our business is export out of china and that has been growing. a lot of clients are coming to china looking for product. having the product manufactured, and we manufacture, package, and ship district to consumers homes all over the world. we now see the...
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May 14, 2012
05/12
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china is looking shaky. and the big thing is really this whole revival of risk around europe with a possible greek exit. probably not going to happen, at least this year. eventually greece will exit. but too much after lose/lose situation. the european leaders are very worried about risk. and greece goes down even harder. remember, tle have to balance their budget immediately. and it would be worse than the argentina situation. so probably doesn't happen. >> we are not hearing that kind of cautiousness from the new leader of greece. he is saying, enough with the austerity packages, we don't want them. >> right and less austerity means more aid for other countries. because greece has no access to the market and they run a very big financial deficit. it is fine it say no austerity but you have to have other countries to agree to kick in more money. that's just not going to happen. so i think they will come to some agreement. because it is a lose/lose situation early on. i think eventually greece may exit. but
china is looking shaky. and the big thing is really this whole revival of risk around europe with a possible greek exit. probably not going to happen, at least this year. eventually greece will exit. but too much after lose/lose situation. the european leaders are very worried about risk. and greece goes down even harder. remember, tle have to balance their budget immediately. and it would be worse than the argentina situation. so probably doesn't happen. >> we are not hearing that kind...
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Oct 8, 2012
10/12
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enterprise law in china requires a kfc china or walmart china or cisco china or hauwei to allow for the existence of a communist party committee within the organization. hauwei, like these other companies, allows for that existence. the communist party committee doesn't have any interaction with or influence on our business operations. >> but it's alleged by our investigators that the company did not cooperate at all with the investigation. is that true? and if so, why not? if there's nothing to hide, if the company did nothing wrong, why not cooperate? >> oh, that's a great point. the company cooperated immensely. we hosted the staff in washington in december and then in china in february and members and staff in hong kong in may, with our ceo. we responded to multiple ent interrogatories, delivered reams and reams of paper. while we were with transparency and good faith, we got a book-long press release that launched the investigation last november. >> they go into quite a lot of detail in the report itself, and a lot of it, hauwei, they say, refusing to provide information that was r
enterprise law in china requires a kfc china or walmart china or cisco china or hauwei to allow for the existence of a communist party committee within the organization. hauwei, like these other companies, allows for that existence. the communist party committee doesn't have any interaction with or influence on our business operations. >> but it's alleged by our investigators that the company did not cooperate at all with the investigation. is that true? and if so, why not? if there's...
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256
Mar 9, 2012
03/12
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soft landing in china here. we've got economic data that even though china is slowing, it's not slowing as much as people think. numbers still pretty good. in europe, we'll get a mild recession. but contained recession. that's the reason the markets have been to the upside. how about the dollar. dollar strong. and there, of course, is what we saw today. the important thing, that was the nonfarm report. dollar moved up. normally on this kind of day, you would see an effect on stocks. a negative effect on many of the commodity names. and on the big material names. we didn't see that. look at that, 3% increases in some of the steel stocks. volcker materials, allegheny tech, all had a good day. normally those kinds of stocks would be moving to the down side. how about the home buying situation. data on that as well. generally getting improving spring home buying data. that's certainly been very good news here. credit suisse had a report out this morning. they raised their recommendations on all the home building sto
soft landing in china here. we've got economic data that even though china is slowing, it's not slowing as much as people think. numbers still pretty good. in europe, we'll get a mild recession. but contained recession. that's the reason the markets have been to the upside. how about the dollar. dollar strong. and there, of course, is what we saw today. the important thing, that was the nonfarm report. dollar moved up. normally on this kind of day, you would see an effect on stocks. a negative...
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Apr 26, 2012
04/12
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that gives us confidence in the outlook, and china is slowing, but a slow china is still a growing china, and we still see tail winds there. >> yeah. i want to make sure i said that properly because the pre-tax charges was $357 million. i think i may have misread there, 357 million on the pre-tax charge. >> yes. >> andrew, talk to us about the global recovery here. china, you're right, i mean, 8% is still 8% relative to so many lower numbers elsewhere, even the u.s., but what about europe? it seems like the europe story is once again front and center in a big negative way. how bad are things in that region? >> well, as you mentioned, the restructuring charge of the size you said, a lot of that was based on the european model changing. i think all of us who are in europe, and a big part of us, a third of the companies in western europe, so we see it up close and personal. there's obviously the political uncertainty, the financial uncertainty is leading it a completely different consumption model and, of course, because of that we believe most of europe is in a recession right now, and we'
that gives us confidence in the outlook, and china is slowing, but a slow china is still a growing china, and we still see tail winds there. >> yeah. i want to make sure i said that properly because the pre-tax charges was $357 million. i think i may have misread there, 357 million on the pre-tax charge. >> yes. >> andrew, talk to us about the global recovery here. china, you're right, i mean, 8% is still 8% relative to so many lower numbers elsewhere, even the u.s., but what...
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Feb 22, 2012
02/12
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hollywood is making pretty big headways into china. the country's opening the doors to more foreign movies. and it's in a partnership for a new studio with dreamworks animation. julia boorstein joins us with a look at that exclusive story. >> china is one of the world's biggest markets for piracy aims to make video on demand so convenient lu chinese cable companies that people will pay instead of stealing. today the company is announcing its bigger content partner yet. disney. the studio is signing on for both subscription demand services. chads with a market cap of about $95 million already has dealed with warner brothers and lionsgate. 60 days after the theatrical releases. you on demand charges between $1 and $3 a movie. it's planning to reach 11 million homes by year's end. and the potential is huge. saying china is the largest cable market in the world with 178 million households. >> okay. just stay right there. i want to bring in now the chairman and ceo of you on demand shane mcmahon. very good of you to join us today. given the
hollywood is making pretty big headways into china. the country's opening the doors to more foreign movies. and it's in a partnership for a new studio with dreamworks animation. julia boorstein joins us with a look at that exclusive story. >> china is one of the world's biggest markets for piracy aims to make video on demand so convenient lu chinese cable companies that people will pay instead of stealing. today the company is announcing its bigger content partner yet. disney. the studio...
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196
Jul 9, 2012
07/12
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i mean, we actually do see china continues to do well. and even on a macro level, most people see china between 7.5 to 8% coming out on that level. and -- the u.s. is slowing down but when you just saw the automotive segment which for us is a very important segment, it is very, very good numbers. we you a on the automotive side, increase bid 15%. for us, it is even higher than that because aluminum content in cars is increasing. because lightweight is very strongly driven by emissions regulations. we see another market strong on the u.s. aerospace. i mean, you -- i'm sure you can see him smile because boeing has an eight-year auto backlog. that's unheard of. >> it is good to see you. we always appreciate your time. let's get to the conference call. >> my pleasure. thank you. >> you bet. klaus kleinfeld of alcoa. markets are still trying to figure out what to make of it. they came in above expectations. bottom line, six cents on the estimate. five cent profit. >> i think the shares fell about 13% over the course of the last quarter. okay.
i mean, we actually do see china continues to do well. and even on a macro level, most people see china between 7.5 to 8% coming out on that level. and -- the u.s. is slowing down but when you just saw the automotive segment which for us is a very important segment, it is very, very good numbers. we you a on the automotive side, increase bid 15%. for us, it is even higher than that because aluminum content in cars is increasing. because lightweight is very strongly driven by emissions...
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Oct 22, 2012
10/12
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good to be here. >> let's begin with china. do you agree with caterpillar ceo that it's rhetoric around china? >> well, doug is a great partner of ours and we work together very closely. i do agree with what he says. this opportunity that our country and the opportunity has to benefit from global growth and it's being led by china now is critically important. i understand the need to deal with china so that free trade is also fair trade but i think it's really important that we find ways to work together to deal with the issues that we're facing. >> what do you think in terms of the economics? the landscape right now. i know this has been an engine of growth for your business and engine of growth for the world. we know there's a slowdown. what do you see on the ground from business today? >> there's a slowdown. chinese government took steps last year to reign in inflation and that appears to be having the desired effect. china continues to consume copper in infrastructure projects and they're taking steps to stimulate their eco
good to be here. >> let's begin with china. do you agree with caterpillar ceo that it's rhetoric around china? >> well, doug is a great partner of ours and we work together very closely. i do agree with what he says. this opportunity that our country and the opportunity has to benefit from global growth and it's being led by china now is critically important. i understand the need to deal with china so that free trade is also fair trade but i think it's really important that we find...
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Mar 12, 2012
03/12
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primarily because of the strength in europe and china. also audi has been a huge success for this company. that profit for audi is about $6.9 billion. you compare that with gm and cadillac, cadillac only sold about 200,000. they sold 1.38 million audis last year. >> if europe slows down even more this year, doesn't that hurt car makers like a vw? >> it hurts all of them, but vw is the best insulated automaker of everybody. germany is the best market over there. it's the one that saw a market share increase last year. sales went up. volkswagen is number one there. because of that, they're in a better position especially with the luxury brands. it's the mass brands. the chevys, the fords, and the vws that are down. but the luxury brands, they are still up in europe. >> let me switch gears. i was astounded at how the leaf vehicle has just -- nobody talks about it anymore. i mean, let's talk about this new prius model which goes on sale today. hybrids. is there still a demand out there? >> not as much as there used to be. especially with gas
primarily because of the strength in europe and china. also audi has been a huge success for this company. that profit for audi is about $6.9 billion. you compare that with gm and cadillac, cadillac only sold about 200,000. they sold 1.38 million audis last year. >> if europe slows down even more this year, doesn't that hurt car makers like a vw? >> it hurts all of them, but vw is the best insulated automaker of everybody. germany is the best market over there. it's the one that saw...
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Nov 30, 2012
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china is down 10% plus this year. china is selling right now at eight times next year's earnings, if those earnings come true. russia is selling at six times next year's earnings. china and russia would be another if this broad picture that you're talking about. you want top own some emerging markets. master limited partnerships. high-grade bonds. >> are you worried about taxes going higher on dividends and cap gains in 2013? does that cut into the reason to buy stocks? >> i think many people say it has no effect. you can go from 15% to 43%. at the margin, that can influence people. this is why you want to basically find these company that have a defensive characteristic and where you are getting enough yield so when you lose the dividend, you have some income. corporations are buying cash. banks are buying liquidity. central banks are buying government bonds. foundations and endowments and pension funds are buying alternatives. individuals are buying bonds. rich individuals are buying jewelry, art, and trophy real es
china is down 10% plus this year. china is selling right now at eight times next year's earnings, if those earnings come true. russia is selling at six times next year's earnings. china and russia would be another if this broad picture that you're talking about. you want top own some emerging markets. master limited partnerships. high-grade bonds. >> are you worried about taxes going higher on dividends and cap gains in 2013? does that cut into the reason to buy stocks? >> i think...
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Jul 11, 2012
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did when the central bank of china loosens up. >> so china is a bigger unknown. let's talk about this. this fiscal cliff when the bush tax cuts expire along the programs at the end of the year, and that will push companies to fire people. they will not keep the workers on. so what do you think happened? you have to believe this creates real volatility and downward pressure on stocks. >> i think what's going on right now about this cliff is not anything real. it's politically driven and ron has it right. the only thing both sides of the aisle have done is decide not to raise taxes, but the whole argument is disingenuous. this is the fax code and they play a head game with us saying we'll have bigger deficits. just call the tax code, that condition would not exist, and trust me, with regard to the defense department and all of these issues, even if it's all worked out, ron still isn't going to hire because the event of having to do this every year is getting old, hurting business, and we're doing it to ourselves. >> you make a lot of god points, rick. liz, how do i
did when the central bank of china loosens up. >> so china is a bigger unknown. let's talk about this. this fiscal cliff when the bush tax cuts expire along the programs at the end of the year, and that will push companies to fire people. they will not keep the workers on. so what do you think happened? you have to believe this creates real volatility and downward pressure on stocks. >> i think what's going on right now about this cliff is not anything real. it's politically driven...
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Mar 2, 2012
03/12
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as for china, as you know i'm in asia quite often, i think china is going to avoid a hard landing. you are already starting to see them adjust bank requirements. they'll probably put a stimulus plan out in the provinces so they can quell civil unrest as well help stir economic activity. i think it will be a good move for emerging markets in general. >> we'll leave it there. sarah, michael, good to see you both. thanks so much. have a good weekend. >>> at&t making major changes to its data plans. jon fortt working the story. >> that's right, maria. at&t going after data hogs, people on their unlimited smartphone plans using more than 3 gigabytes. i'll give you a look at my cell phone bill and let you know whether i'm one of them coming up after the break. >>> welcome back. at&t cracking down on smartphone data hogs by ending its unlimited data plans. jon fortt dials up the story from san jose. hi, jon. >> hey, maria. at&t is putting subscribers to its unlimited data plans on notice if you use more than 3 gigabytes per month we're going to slow down your data speeds. this really affe
as for china, as you know i'm in asia quite often, i think china is going to avoid a hard landing. you are already starting to see them adjust bank requirements. they'll probably put a stimulus plan out in the provinces so they can quell civil unrest as well help stir economic activity. i think it will be a good move for emerging markets in general. >> we'll leave it there. sarah, michael, good to see you both. thanks so much. have a good weekend. >>> at&t making major...
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Jun 29, 2012
06/12
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>> on the metals side, you bring up china, you saw a slow down on the gdp, and europe is china's number one customer. if they go down, china will not do that well. going forward i would suspect you might want to start shorting those metals. if things were so great, why would gold not be over $2,000 an ounce right now. cash is king, and oil on the other side of that welcome look at supply and demand, oil prices are down, and that's because demand is lower. i would stay away from that area as well. >> are you all in cash? you're shorting everything. >> i love treasuries, but i would tell your viewers right now do a google search, try to find short mutual funds on things like metals, oil, gas, or go to treasuries the rest of the year. >> all right, we'll be watching, thank you very much, everybody. a big rally to wrap up the second half of the year. who were the winners and losers. let's get to courtney reagan. >> today is the last day of the second quarter, but we want to look at where we are in 2012 so far, and it's been a relatively strong year for equities. we have nasdaq leading by 13
>> on the metals side, you bring up china, you saw a slow down on the gdp, and europe is china's number one customer. if they go down, china will not do that well. going forward i would suspect you might want to start shorting those metals. if things were so great, why would gold not be over $2,000 an ounce right now. cash is king, and oil on the other side of that welcome look at supply and demand, oil prices are down, and that's because demand is lower. i would stay away from that area...
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Mar 22, 2012
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renewed concerns about a slow down in china. coming up, we're digging deeper into the controversial pipeline that is sparking a battle. >>> nike's earnings are do out any moment. the stock has done well. dow jones finishes down 78 points. 13,046. s&p down 10.09. let's go to bob pisani. we got disappointing europe's manufacturing numbers. early this morning with the euro dropping rather dramatically, our futures dropped and we never recovered. it's pretty simple. what side of the global growth story are you on? today the glass is half empty. transportation index, the worst day that we've seen in the year so far you can see all of the concerns on slower global growth. and finally a big ipo. put up the exact target. priced at $19, opened at 23. look, closed right at the highs today. $25 and change. the other one is vanta. that price at $19. excuse me. 17. start trading at $19 and change. look at that. never really looked back. two big ipos. two of them closed on very strong terms. maria, back to you. >> bob, thank you so much. let'
renewed concerns about a slow down in china. coming up, we're digging deeper into the controversial pipeline that is sparking a battle. >>> nike's earnings are do out any moment. the stock has done well. dow jones finishes down 78 points. 13,046. s&p down 10.09. let's go to bob pisani. we got disappointing europe's manufacturing numbers. early this morning with the euro dropping rather dramatically, our futures dropped and we never recovered. it's pretty simple. what side of the...
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Oct 10, 2012
10/12
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china, i think china is growing at something far less than 7%. they've slowed down, and it feels more to us like 2 or 3%. >> really? >> wow. that's a real deceleration. still growing, but at a much slower pace. >> well, that's what it feels like to us in the business we're in. we're about half selling to customers who export their products and half to customers that sell domestically. if you look at things like electric power con sumts in china, it's flat. that ought to be a good indicator of the level of economic activity. i do think it will come back though. >> that's what we call burying the lead. you got our attention with that number right there. >> right. absolutely. >> thanks for joining us today. appreciate it. >> thank you. >> the ceo of international paper joining us. 2% growth in china? >> and lot of people don't believe the gdp numbers they put out officially. >> 8% on the low end to 2%. that's a big number. >> a 6% difference, which feels recessionary. even though you're still growing. >> yeah, yeah. >> all right. imagine getting an
china, i think china is growing at something far less than 7%. they've slowed down, and it feels more to us like 2 or 3%. >> really? >> wow. that's a real deceleration. still growing, but at a much slower pace. >> well, that's what it feels like to us in the business we're in. we're about half selling to customers who export their products and half to customers that sell domestically. if you look at things like electric power con sumts in china, it's flat. that ought to be a...
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Mar 30, 2012
03/12
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i think that if you look at what's rapping in china, you're going to see china take very, very aggressive action. bill's going to be with david dartha. i think they're going to have a rally, i think gold is going to continue to rally, i think the u.s. dollar is going to be out of favor. and qualcomm is a technology story. >> you're selling energy, give me one of those and why. >> i mean i think that the financials are a u.s. way to fly the economy, better joshes, better housing, better manufacturing and better normalized earnings. and it's been a long time since we have had normalized earnings for the bank. >> lump sum or annuitannuity? up next why you could see some of the nation's largest hedge funds advertising on television. >> here's the question, should you go lump sum or the annuity? austan goolsby of all people says one option will give the winner an extra $90 million. and as we head to the break, here's what people in new york told us they would do if they won the record jackpot. >> what we would do is help our kids, our grandkids, travel, give to the community, and have the time
i think that if you look at what's rapping in china, you're going to see china take very, very aggressive action. bill's going to be with david dartha. i think they're going to have a rally, i think gold is going to continue to rally, i think the u.s. dollar is going to be out of favor. and qualcomm is a technology story. >> you're selling energy, give me one of those and why. >> i mean i think that the financials are a u.s. way to fly the economy, better joshes, better housing,...
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Jun 20, 2012
06/12
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>> it's everything, you have china slowing, india is in stagnation. all of the other engines in the world are slowing. the economies are what come out of the emerging markets so when you see china, india, north america, europe, you will see the markets slow as a result of the world economy. >> let me ask you about, anybody you talk to about this will say so what? we're still sees china at 7%. so what, we're still seeing brazil at 58%. so that's what i say to you, i mean you're still talking about much stronger rates outside of the u.s. than inside the u.s. >> you're seeing that, but when you have something that is split in half, and china basically they're growth is 50% lower than we thought, india slowing even more, our companies moved up in anticipation of ghood products being -- you know the products being sold in those countries. when that slows down that hurts our moved up expectations. that's why it's so what because when you hear that news that affects the 401 k plans and investment that everyone is watching right now. so it isn't just so what,
>> it's everything, you have china slowing, india is in stagnation. all of the other engines in the world are slowing. the economies are what come out of the emerging markets so when you see china, india, north america, europe, you will see the markets slow as a result of the world economy. >> let me ask you about, anybody you talk to about this will say so what? we're still sees china at 7%. so what, we're still seeing brazil at 58%. so that's what i say to you, i mean you're still...
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Mar 16, 2012
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they export a lot to china. we have to see how weak it is. and again, is china soft landing or not. and we also want to know what the reaction is going to be by the government, are they going to ease or make kind of any indications that they will ease. i think actually that would be a positive if they do so. >> this is going to come into focus again next week, europe, because of all of these data points that you mention, stephanie. i think one of the big issues there, when you look at a country like spain, or even italy, they're talking about huge, huge austerity programs. you're putting cutbacks in austerity in an environment when you're already looking at a weak economic situation. >> that's exactly right. we know europe is weak, and probably getting weaker, right? that's why china is so important. can they soft land. and if their data comes in, you know, materially lower, how fast are they to react. then at the same time you've got pretty good things going on in the u.s. we've got good jobs, good manufacturing, and decent housing. we'll get more housing information next week. so
they export a lot to china. we have to see how weak it is. and again, is china soft landing or not. and we also want to know what the reaction is going to be by the government, are they going to ease or make kind of any indications that they will ease. i think actually that would be a positive if they do so. >> this is going to come into focus again next week, europe, because of all of these data points that you mention, stephanie. i think one of the big issues there, when you look at a...
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Mar 23, 2012
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markets pressured by more disappointing data out of europe and china and oil prices down 2%. now, when new home sales fell in february, we were talking about prices, increased the highest level, what a week. so when the data showed some signs of housing prices stabilizing, worries about economic growth in china and europe and subsequent impact sent stocks taking the worst hit and oil and the energy sector for the week. and 98% traded in teg tif territory for the entire week. and overall it was a messy one. the nasdaq 100 up for the week. it's a bright spot. the 12th consecutive week since january since 1991. maria? >> thank you so much. investors are happy to see this week come to an end. let's turn and what has been the best month for stock over the last decade. and march's average is 1.86%. the worst join better than 2%. what are we seeing in the markets so far? below the 1400 for the year, the next guest is calling for at least 15 to 25 -- 1525 on the s&p at year end. is such a bullish call justified? also with us is chief investment strategist with blackrock i share group
markets pressured by more disappointing data out of europe and china and oil prices down 2%. now, when new home sales fell in february, we were talking about prices, increased the highest level, what a week. so when the data showed some signs of housing prices stabilizing, worries about economic growth in china and europe and subsequent impact sent stocks taking the worst hit and oil and the energy sector for the week. and 98% traded in teg tif territory for the entire week. and overall it was...
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Jan 30, 2012
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china's policies distorted international trade. ron kirk saying the ruling ensures that core manufacturing industries in this country can get the materials they need to produce and compete on a playing field. >>> banning insider trading by congressional members, 5:30 this evening, the vote tonight is a procedural one aimed at advancing the bill to debate n his state of the union address last week, president obama urged congress to get moving on this issue. >>> trial of alleged ponzi schemer alan stanford continues in houston today. as early as tomorrow, the government's star witness, james davis, expected to take the stand. davis pled guilty to three felony counts in 2009 and cooperating with the government ever since. prosecutors accused stanford of skimming more than $1 billion in investor depos at this time sits to fund a lifestyle, including you yachts a threat of jets and private caribbean island. >>> second largest company in the u.s., exxonmobil, due out with results after last week's con know co-co-and chevron. with weak in
china's policies distorted international trade. ron kirk saying the ruling ensures that core manufacturing industries in this country can get the materials they need to produce and compete on a playing field. >>> banning insider trading by congressional members, 5:30 this evening, the vote tonight is a procedural one aimed at advancing the bill to debate n his state of the union address last week, president obama urged congress to get moving on this issue. >>> trial of alleged...
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Aug 8, 2012
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tomorrow we will find out how china's economy is faring when we get data from there. another big earnings day, we have numbers out from nestle and others, and also august the 9th is now identified as one of the stocks of the credit crunch. we'll be discussing how far along we are in the financial crisis with a five-year anniversary. tune into cnbc for all of the action overseas. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. at sleep number, individualizing your sleep is at the heart of every innovation. wow. that feels really good! and now, sleep number introduces our new memory foam series-the only memory foam beds with exclusive
tomorrow we will find out how china's economy is faring when we get data from there. another big earnings day, we have numbers out from nestle and others, and also august the 9th is now identified as one of the stocks of the credit crunch. we'll be discussing how far along we are in the financial crisis with a five-year anniversary. tune into cnbc for all of the action overseas. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you...
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Apr 20, 2012
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the former premier of china used to say, 7% is a key. because you get below 7 and you can't get the job growth you need for the immigrants coming in from western china. then you get social tension. i always listen to that. i think growth is between 7 and 8%. >> last question. argentina. we weren't going to talk about this. but now that we've got the time. christina kirshner, what is she thinking? >> well, we've got to see how this plays out vis-a-vis how it will pay off. i think it's a risky strategy but if you look at the history of argentina, you've seen it happen before. >> it's not surprising at all to you? >> no. >> not at all. they are doomed, then, aren't they? they are never going to grow. >> it does not send a good signal to foreign investment, that's for sure. >> yeah. >> let's see how this plays out. but it's not a good thing for the growth in the economy, that's for sure. >> bill rhodes, thank you for joining us. >> thank you, michelle. >>> it's been two years since the bp oil spill. bertha? >> bp says last year was about rec
the former premier of china used to say, 7% is a key. because you get below 7 and you can't get the job growth you need for the immigrants coming in from western china. then you get social tension. i always listen to that. i think growth is between 7 and 8%. >> last question. argentina. we weren't going to talk about this. but now that we've got the time. christina kirshner, what is she thinking? >> well, we've got to see how this plays out vis-a-vis how it will pay off. i think...
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Sep 27, 2012
09/12
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economic growth, china, european sovereign debt crisis. those have been replaced right now by, as you've mentioned, fiscal cliff and debt ceiling negotiations. the investor is confused about where to go, but those investors who stayed in cash missed this rally that we've had this year. they shouldn't make that mistake again. >> are you saying don't stay in cash? you want to get on this train then? don't fight the fed. >> right. it's an old story, but it's a great story. for the private investor, high quality, dividend paying stocks is still the place to go. you get paid while you wait. it's a hedge against inflation. if you're not comfortable with a growth story, move into dividend paying stocks. >> do you change that scenario if dividend taxes go to 43%? >> that's a great question. >> part of the fiscal cliff. >> yeah, but historically, don't forget, dividends have been taxed at ordinary income rates. it's really only an anomaly recently that we've had a differential and tax advantage treatment of dividends. we don't think that even if th
economic growth, china, european sovereign debt crisis. those have been replaced right now by, as you've mentioned, fiscal cliff and debt ceiling negotiations. the investor is confused about where to go, but those investors who stayed in cash missed this rally that we've had this year. they shouldn't make that mistake again. >> are you saying don't stay in cash? you want to get on this train then? don't fight the fed. >> right. it's an old story, but it's a great story. for the...
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Mar 6, 2012
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brazil, china, what, china's gone from 8% to 7.5%. >> but i think it was 11%. >> 7.5% in a country of 200 billion people, that's pretty good. look, we have very significant deep-seeded problems in america. unemployme unemployment, how could we feel good when it's nom lally 8% and in reality it's 14%. they arbitrarily say if you're not looking for a job, you're no longer unemployed. to me it's purchasing power. somebody says the hell with it, i can't get a job and go to the sidelines, they don't have the money to spend to keep the economy going. >> of course. >> i think the other thing -- >> you think unemployment is really at 13%? >> it's a guess. i have no -- >> 13%, 14%. >> it's a hell of a lot higher. the statistics people say, once you stop looking for the job, you leave the unemployment force. how do i feel? we've got a lot of work ahead of us. we've got to worry about the deficit. we've got to worry about restoring some respect for business in america. let's not look at the jobs the government pays. that costs money. let's look at the jobs that business creates, that generates m
brazil, china, what, china's gone from 8% to 7.5%. >> but i think it was 11%. >> 7.5% in a country of 200 billion people, that's pretty good. look, we have very significant deep-seeded problems in america. unemployme unemployment, how could we feel good when it's nom lally 8% and in reality it's 14%. they arbitrarily say if you're not looking for a job, you're no longer unemployed. to me it's purchasing power. somebody says the hell with it, i can't get a job and go to the...
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Oct 12, 2012
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what about china as well? we know there's a lot of china hacking and snooping. is that different than an attack? or should we see them in the same way? >> here's what the chinese are doing. they're doing a brilliant job of it. the government last year issued a report where it named china as the single biggest culprit in state-sponsored espionage. they're stealing our property. they're trying to skip over research and development, steal our ip, and develop products and capababilities as a result. >> but they're not necessarily trying to poison our water system or shut down our internet or things like that? >> we need to understand something here. regardless of who the adversary is, they're taking advantage of the same set of vulnerabilities. as larry said, we need more legislation that tries to create a greater level of security. here's what the secretary is talking about. he was talking about industrial control systems that are very vulnerable to cyber attack in our nation's water supply and electric power grid. those could be attacked, and we can suffer catastr
what about china as well? we know there's a lot of china hacking and snooping. is that different than an attack? or should we see them in the same way? >> here's what the chinese are doing. they're doing a brilliant job of it. the government last year issued a report where it named china as the single biggest culprit in state-sponsored espionage. they're stealing our property. they're trying to skip over research and development, steal our ip, and develop products and capababilities as a...
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Aug 10, 2012
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it means china will come in more aggressively. i don't expect numbers to ramp up like they did last month, and if that's the case you will see the fed dropping money on this market. >> so you are expecting fed action? >> absolutely in the next 60 days. >> i'm not so sure, the economic data has gotten a little better in terms of the pmi, housing, retail sales. we're certainly not going at a robust clip, but i'm not sure it's enough for the fed to take aggressive action. i think at the very least the fed has put a floor in so if the data continues to decelerate from here, then they will take action. i think what happens from draghi and what happens in china is probably more the reason why the markets have rallied and it's actually more important. >> mike, where are you on this. >> i think it's not just on draghi or on china, i think it's the notion that central banks in general are providing liquidity if they see the conditions. honestly here is where i think the big risk is. if we get a goldy locks scenario, it keeps the fed on the
it means china will come in more aggressively. i don't expect numbers to ramp up like they did last month, and if that's the case you will see the fed dropping money on this market. >> so you are expecting fed action? >> absolutely in the next 60 days. >> i'm not so sure, the economic data has gotten a little better in terms of the pmi, housing, retail sales. we're certainly not going at a robust clip, but i'm not sure it's enough for the fed to take aggressive action. i think...
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Jul 24, 2012
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it has to be a slow down, possibly in china, because the at&t numbers were down. last quarter apple did 35 million. iphones to come down to 26, that's quite a bit. >> does it bother you, david, does it matter to you that they beat their own expectations but they missed wall streets? >> it's what they do versions the street that really matters. i think the be question here for apple is to what extend have we seen consumers on a roll by basis go on a buyers strike as far as the iphone concern. it won't be coming out, potentially, until october. so it says we had a miss in june, september arguably could be weak, always obviously the iphone introduction could help. but apple is falling victim to the global economy and the effect on smart phone sales growth. >> what about the fact that this is two quarters in a row here that it's not up to the market's expectation post steve jobs' death. does it concern you? >> it does. >> the world's largest -- consumer economic environment with intensifying competition, you know, apple is being outsold android, and their selling at z
it has to be a slow down, possibly in china, because the at&t numbers were down. last quarter apple did 35 million. iphones to come down to 26, that's quite a bit. >> does it bother you, david, does it matter to you that they beat their own expectations but they missed wall streets? >> it's what they do versions the street that really matters. i think the be question here for apple is to what extend have we seen consumers on a roll by basis go on a buyers strike as far as the...
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Apr 30, 2012
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we did outperform the rest of the world though asia, china and hong kong did do better. the disappointing chicago numbers, pmi numbers, i think is weighing on the market. very choppy economic data and the last couple of months and last couple of weeks really. i think that's the big problem. if you look elsewhere, former market leader, hmos weak again. bottom line is more people are going to the doctor than they were a year ago. we saw that with coffin try and aetna. maria, back to you. >> bob, thank you so much. of course major averages with their first monthly decline of the year. a roller coaster ride for the markets. >> okay maria, april is historically the third best month of the year but the dow, s&p and nasdaq are all negative for the month of april making some believe that sell in may and go away came a little early. but that's not the whole story. first, we have seen a flair-up in the eurozone debt crisis. spanish yield at one point creeping up to 6%. then slowing growth in china. cautioning some firms to rethink their strategy overseas. lastly, mac home in the u
we did outperform the rest of the world though asia, china and hong kong did do better. the disappointing chicago numbers, pmi numbers, i think is weighing on the market. very choppy economic data and the last couple of months and last couple of weeks really. i think that's the big problem. if you look elsewhere, former market leader, hmos weak again. bottom line is more people are going to the doctor than they were a year ago. we saw that with coffin try and aetna. maria, back to you. >>...
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Mar 21, 2012
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you're ahead of china and asia-pacific. china becomes the second largest market outside of the u.s. you're expected to have 1500 stores by 2015? >> china has over 20% comp store sales. every city we opened up outside of beijing and shanghai have been better than the core cities. we have over 600 in the island and it's greater and large. the team is chinese nationals. the president of chinese starbucks has been with us for 11 years. it's not easy to do and it's very complicated and then we'll open up india before the end of the year. >> so you're really looking to the hot spots of the world where you're really seeing a tremendous growth relative to the us u.s. and getting a stake in there? >> well, i think that's true but don't lose sight of the fact that we are serving more customers in our u.s. stores in any other time in our history, despite the downturn in the economy, unemployment, and consumer confidence, which i think speaks to the trust that people have in the brand and starbucks is really the first place between home and work. >> you're launching your own single-cup coffee m
you're ahead of china and asia-pacific. china becomes the second largest market outside of the u.s. you're expected to have 1500 stores by 2015? >> china has over 20% comp store sales. every city we opened up outside of beijing and shanghai have been better than the core cities. we have over 600 in the island and it's greater and large. the team is chinese nationals. the president of chinese starbucks has been with us for 11 years. it's not easy to do and it's very complicated and then...
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Feb 27, 2012
02/12
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we want to see out of china from here is more consumption growth. so, people, you know, there's a lot of hand wringing in terms of, in terms of macrohead winds and we see things to do pick your spots, be in the reeges were there are the specific opportunities, as firm what we are trying to do for our client, find things in china related to consumption in europe, find things on the distressed side or things tied into growth that are trading cheaply and in the u.s., pick sectors like technology or energy infrastructure. >> you are traveling all the time, on your way to california, on your way to asia as well soon after. give me your sense of what's going on in europe right now. is this the wildcard that could turn things negative? >> debt-to-gdp won't change one bit in greece. >> 120% of gdp is debt, italy and other place. >> still huge. what's gonna happen in europe, you can get out by either defaulting on debt, devalue your currency or deflate your wages. europe's going the path of deflating their wages and that is going to be a big ajursz.period, d
we want to see out of china from here is more consumption growth. so, people, you know, there's a lot of hand wringing in terms of, in terms of macrohead winds and we see things to do pick your spots, be in the reeges were there are the specific opportunities, as firm what we are trying to do for our client, find things in china related to consumption in europe, find things on the distressed side or things tied into growth that are trading cheaply and in the u.s., pick sectors like technology...
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Sep 7, 2012
09/12
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we had a move today related to china. that was a surprise. there were a lot of people that were not sure if they would do a infrastructure program. there were doubters out there. we saw the market response. commodities, industrials. >> let's show you what went on for the week here. we had some monstrous moves in the stock. notice it is up, we batted around a few reasons for this. i think the main reason is that the s&p 500 is a big -- goldman sachs, when is the last time you saw this happening, folks? goldman up ten, sun trust up nine, citi seven. most of the gains in materials on today on the surprise as material stocks all moved up. >> i was struck by the same thing, bob. the moved by the ecb helping the financial structure -- infrastructure, and also considered inflationary at the same time. >> and if you don't think the whole thing will fall apart, there's a reason to believe the banks will be in a better position. >> i wonder what steven holmes would think? >> we'll have to ask. >> maria and more coming up on this big friday edition of t
we had a move today related to china. that was a surprise. there were a lot of people that were not sure if they would do a infrastructure program. there were doubters out there. we saw the market response. commodities, industrials. >> let's show you what went on for the week here. we had some monstrous moves in the stock. notice it is up, we batted around a few reasons for this. i think the main reason is that the s&p 500 is a big -- goldman sachs, when is the last time you saw this...
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Jun 26, 2012
06/12
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if we export natural gas to china, or oil to china, which we're doing right now, will they export rare earth minerals to the united states what are so essential in our renewable energy sector. until we get a yes, why don't we just play the game a lot tougher internationally to extract from the other countries what is essential to us rather than saying we'll give you the most valuable asset in the world, and that is natural gas. >> by your estimate it could raise the price of natural gas by 54%, but let's face it, the price is so low right now we will hardly break the bank or anybody's pocketbook. it could go all the way up to $4. so why are we talking about a market that we can afford to go up. >> the estimate that it would go up by 54% is when there was an application for only ten export licenses. >> even if we get a double of the price of natural gas, the futures for july delivery, the price goes to $5, and it's still a relatively historic low. supply and demand suggest that natural gas will be cheap for a number of years now, correct? >> if we can keep the price of natural gas low,
if we export natural gas to china, or oil to china, which we're doing right now, will they export rare earth minerals to the united states what are so essential in our renewable energy sector. until we get a yes, why don't we just play the game a lot tougher internationally to extract from the other countries what is essential to us rather than saying we'll give you the most valuable asset in the world, and that is natural gas. >> by your estimate it could raise the price of natural gas...
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Jul 13, 2012
07/12
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going back to china, you know, 7.6 is not good for china, you have to keep that in a context. but what we're seeing there is strong consumer spending in china with slowing production. that means inventors are individu shrinking. we're seeing the beginning of a turning point in china, and that's encouraged. >> yes, rick santelli, what was it like today. what are you looking for for catalyst in these markets next week? >> we all look at down here is the fact that we're still a bit under 150 on a ten year yield. there was a time when they used to push bond prices down and yields up. that wasn't the case today. i think this disconnect is giving trader as paud that yes, it came back, but we're going nowhere quick plip we're looking a data next week, especially retail sales, so see if that's more positive, and 7.6% matched expectation. so many traders, somewhat dismissed it. i think that's a mistake. the rate of change for china has been down. these are the lowest gdp levels since 2009, and that has to be factored into what it is. all that matters is that in a tight global experimen
going back to china, you know, 7.6 is not good for china, you have to keep that in a context. but what we're seeing there is strong consumer spending in china with slowing production. that means inventors are individu shrinking. we're seeing the beginning of a turning point in china, and that's encouraged. >> yes, rick santelli, what was it like today. what are you looking for for catalyst in these markets next week? >> we all look at down here is the fact that we're still a bit...
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Mar 7, 2012
03/12
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we were up 15% to 20% last year in china. over $2 billion a year there now. still growing pretty well. tough to tell right now because of the mix-up with lunar new year. it was a little earlier this year. so everything's a little screwy for the next three, four weeks. i fully expect it to be on a pretty decent growth path again this year. >> is that critical to profit margins? i know you said you're on track to meet the 2014 margins. what drives that? >> well, everything that we've been doing. having a great position in good industries. one honeywell focus where we brought the three cultures together. and everything we've done on our five initiatives, growth, productivity, cash, people, our enablers, we're growing with a lot of new products. we had an empty product pipeline ten years ago. now we've got hundreds of new products coming out all the time. and some really pretty spiffy stuff. the technologies that our guys were able to come up with is pretty impressive. >> like what? >> everything we're doing with air traffic management, just being able to see wea
we were up 15% to 20% last year in china. over $2 billion a year there now. still growing pretty well. tough to tell right now because of the mix-up with lunar new year. it was a little earlier this year. so everything's a little screwy for the next three, four weeks. i fully expect it to be on a pretty decent growth path again this year. >> is that critical to profit margins? i know you said you're on track to meet the 2014 margins. what drives that? >> well, everything that we've...
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Jun 22, 2012
06/12
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we overperformed in every market in the world but china was not willing to give us the money. now as they expand, i think it will be like vintage wind. we made a good decision to hold and not sell. >> let me ask you about "the intouchab intouchables." it has glossed $350 million. it the world's biggest comedy, the second most successful movie ever made in france, and the most successful picture out of france, it's crazy. >> and so -- such a low number in terms of producing it, what a great story. >> the company is a great old french company. it's a renaissance and rebirth for them, and it works for one simple reason. it's a true story, and it's hilarious, and you feel good watching it. >> i'm going to watch it, you're building it up for me. let me ask you a bit about politics. i have been reading your comments and you think obama will win over wall street. >> i think obama will reach out to wall street. i think they're talking already. i think that you know, wall street will come to it's senses. you know, what happens when these guys -- let's say the other team gets in, they c
we overperformed in every market in the world but china was not willing to give us the money. now as they expand, i think it will be like vintage wind. we made a good decision to hold and not sell. >> let me ask you about "the intouchab intouchables." it has glossed $350 million. it the world's biggest comedy, the second most successful movie ever made in france, and the most successful picture out of france, it's crazy. >> and so -- such a low number in terms of producing...
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Oct 3, 2012
10/12
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you've got to be thoughtful. >> do you worry that the transparency is not there in china? i mean, some people say, look, they can say they're growing 7%, but we don't know if that's true. >> we're dealing with transparency issues everywhere. why are we having reregulation in the u.s. financial services? investors from the 1990s through about 2007 allocated money and transparency wasn't a big issue. when you look at emerging markets, there's concerns about corruptions, developed markets, there's concerns about, you know, is this company overlevered in the financial institution space. i think what we're trying to do is take that trend and make sure we're investing alongside people where we have transparency, you have the growth dynamics. it's choppy out there. >> everybody's looking for yield in and environment where we have rock bottom rates. where are you finding yield? >> i would say as a firm, the two areas we're finding the best opportunities, one, you can see what we're doing with our balance sheet. we have a $6.5 billion balance sheet. we put a fair amount to work in
you've got to be thoughtful. >> do you worry that the transparency is not there in china? i mean, some people say, look, they can say they're growing 7%, but we don't know if that's true. >> we're dealing with transparency issues everywhere. why are we having reregulation in the u.s. financial services? investors from the 1990s through about 2007 allocated money and transparency wasn't a big issue. when you look at emerging markets, there's concerns about corruptions, developed...
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Mar 20, 2012
03/12
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we had all of the risk off sectors down today on concerns about slowing in china. again, that's quite a controversial move to the downside. energy, industrials, materials, and technology would have been worst if not for the fact th financials were up six days in a row. for those comments about bhp slowing down a little bit in china in the iron ore slowing down a little bit, hurt all of those shipping companies. they were down rather dramatically. maria, back to you. >> bob, thank you. hewlett-packard planned to combine its printer and pc divisions to simplify operations and boost innovation. hp sales force will also undergo sales hewlett-packard not commenting tonight. apple, meanwhile, was higher. the company says the new ichlt pad wells run within the thermal specifications. bun consumer reports says it's throwing off more heat than the previous version. the temperatures reach 116 degrees after 45 minutes of intense game action. that's 13 degrees hotter than the same model in similar conditions. the ipad may be too hot to handle but a lifetime high at nearly $606
we had all of the risk off sectors down today on concerns about slowing in china. again, that's quite a controversial move to the downside. energy, industrials, materials, and technology would have been worst if not for the fact th financials were up six days in a row. for those comments about bhp slowing down a little bit in china in the iron ore slowing down a little bit, hurt all of those shipping companies. they were down rather dramatically. maria, back to you. >> bob, thank you....
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May 3, 2012
05/12
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thank you so much. >>> up next a showdown in china. a late-day development on the story we want to share. on the ground we have the latest. >> maria, just a moment of high drama in that standoff in china. the dissident chen guangcheng phoned into a u.s. hearing here on capitol hill. that's overshad oeg the strategic dialogue tim geithner and hillary clinton are engaged in. we'll talk about it just after this break. reak. you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ donovan ] i hit a wall. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic te
thank you so much. >>> up next a showdown in china. a late-day development on the story we want to share. on the ground we have the latest. >> maria, just a moment of high drama in that standoff in china. the dissident chen guangcheng phoned into a u.s. hearing here on capitol hill. that's overshad oeg the strategic dialogue tim geithner and hillary clinton are engaged in. we'll talk about it just after this break. reak. you skip the counters, the lines, and the paperwork. zap....